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NextStudio buys Orad multimedia

Virtual-set supplier Orad has sold five CyberSet O virtual studios to Seattle-based NextStudio Corp., a digital design and distribution firm.

NextStudio will use the Orad systems in its flash media division, which creates animations and full-motion video content for distribution via the Internet and traditional media platforms. The company plans to use the Orad technology to create virtual sets for Webcasts, broadcasts and business communications.